REG - CoinShares Digital - CSDS RNS - Conditions Change_UK (10 February 2025)

Law DebentureAnnouncement

10/02/2025 11:45

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RNS Number : 5316W  CoinShares Digital Securities Ltd  10 February 2025

10 February 2025

CoinShares Digital Securities Limited

LEI: 549300DR7967WVLR3P83

Exchange Traded Products Programme for the issue of

CoinShares Physical Bitcoin Digital Securities and

CoinShares Physical Ethereum Digital Securities

 

Amendments to the Conditions

 

CoinShares Digital Securities Limited (the "Issuer") announces that it has
entered into a tenth supplemental trust instrument (the "Tenth Supplemental
Trust Instrument") with the Trustee dated 6 February 2025 pursuant to which
certain additional classes (the "New Classes") of Individual Securities have
been created and certain amendments have been made to the Trust Instrument and
the Conditions to facilitate the implementation of a system for enabling
Authorised Participants to make Applications and request Redemptions by means
of a secure website (the "System").

The System will only be available to Authorised Participants and therefore the
amendments to the Conditions will have no impact on Security Holders other
than Authorised Participants.

The following are the detailed amendments to the Conditions:

·    the first paragraph of the Conditions (as set under the sub-heading
"The Conditions - Digital Securities" in Part 6 (Trust Instrument and the
Conditions) on page 63 of the Base Prospectus has been replaced by the
following:

The Digital Securities are non-interest bearing, undated, limited recourse,
secured debt securities of CoinShares Digital Securities Limited (the
"Issuer") and are constituted by, are issued subject to and have the benefit
of, a trust instrument dated 21 December 2020 between the Issuer and The Law
Debenture Trust Corporation p.l.c. as trustee for the holders of Digital
Securities, as amended and supplemented by a first supplemental trust
instrument dated 21 December 2021, a second supplemental trust instrument
dated 1 June 2022, a third supplemental trust instrument dated 15 September
2022, a fourth supplemental trust instrument dated 3 Match 2023, a fifth
supplemental trust instrument dated 13 April 2023, a sixth supplemental trust
instrument dated 18 October 2023, a seventh supplemental trust instrument
dated 25 January 2024, an eighth supplemental trust instrument dated 23 August
2024, a ninth supplemental trust instrument dated 2 September 2024 and a tenth
supplemental trust instrument dated 6 February 2025, and are governed by
Jersey law.

·    the definition of Redemption Notice in Condition 1.1 has been
amended so as to provide as follows:

"Redemption Notice" means a notice in the applicable form (which may vary in
content depending on the method of Redemption required or elected for such
Digital Securities and the form in which the Digital Securities are held)
prescribed from time to time by the Issuer for requesting Redemption of
Digital Securities and includes a Redemption Order and reference to a
Redemption Notice being "lodged" includes a Redemption Order being given
through the System and reference to a copy of a Redemption Notice in the
context of a Redemption Order includes a copy of a report generated through
the System containing the details of such Redemption Order;

·    a new definition has been added after the definition of "Redemption
Obligations" in Condition 1.1 as follows:

"Redemption Order" means a request to Redeem Digital Securities given by an
Authorised Participant through the System in accordance with the relevant
Authorised Participant Agreement;

·    a new definition has been added after the definition of "Subsidiary"
in Condition 1.1 as follows:

"System" means such system as may be made available to Authorised Participants
to request the issue and Redemption of Digital Securities via a website
operated by or on behalf of the Issuer;

·    Condition 7.5(c) has been amended so as to provide as follows:

(c)        must (save in the case of a Redemption Order) be signed by,
or by an authorised signatory on behalf of, the Security Holder;

·    Condition 7.7(b) has been amended so as to provide as follows:

(b)        if it does not satisfy each and all of Conditions 7.5(a) to
7.5(f) (as applicable); or

·    the list of Staking Classes at the end of Condition 5.3 has been
replaced by the following:

Class of Digital Securities

CoinShares Physical Staked Algorand

CoinShares Physical Staked Aptos

CoinShares Physical Staked Artificial Superintelligence Alliance

CoinShares Physical Staked Audius

CoinShares Physical Staked Avalanche

CoinShares Physical Staked Axie Infinity

CoinShares Physical Staked Berachain

CoinShares Physical Staked Binance Coin

CoinShares Physical Staked Bittensor

CoinShares Physical Staked Cardano

CoinShares Physical Staked Celestia

CoinShares Physical Staked Core

CoinShares Physical Staked Cosmos

CoinShares Physical Staked Curve DAO Token

CoinShares Physical Staked Eigenlayer

CoinShares Physical Staked Elrond

CoinShares Physical Staked EOS

CoinShares Physical Staked Ethereum

CoinShares Physical Staked Flow

CoinShares Physical Staked Harmony

CoinShares Physical Staked Helium

CoinShares Physical Staked Immutable

CoinShares Physical Staked Injective

CoinShares Physical Staked Jupiter

CoinShares Physical Staked Kusama

CoinShares Physical Staked Manta Network

CoinShares Physical Staked Mantle

CoinShares Physical Staked NEAR Protocol

CoinShares Physical Staked Polkadot

CoinShares Physical Staked Matic

CoinShares Physical Staked Pyth Network

CoinShares Physical Staked Render

CoinShares Physical Staked Sei

CoinShares Physical Staked Solana

CoinShares Physical Staked Sui

CoinShares Physical Staked Stacks

CoinShares Physical Staked Tezos

CoinShares Physical Staked The Graph

CoinShares Physical Staked Theta Network

CoinShares Physical Staked Thorchain

CoinShares Physical Staked Toncoin

CoinShares Physical Staked Tron

CoinShares Physical Staked Waves

The New Classes will not be admitted to trading on the London Stock Exchange
or admitted to the Official List and are not the subject of the Base
Prospectus. They are described in a supplemental prospectus dated 6 February
2025 to the EU Prospectus approved by the SFSA.

Terms used in this announcement and not otherwise defined bear the same
meanings as where used in the base prospectus (the "Base Prospectus") of the
Issuer dated 17 December 2024.

For further information, please contact:

CoinShares Digital Securities Limited

2 Hill Street

St. Helier, Jersey,

JE24UA

Channel Islands

ir@coinshares.com

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